Thursday, 18 January 2018

Capitalstars Updates: FREE AGRI COMMODITY MARKET NEWS & LEVELS : 19 JAN 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,


TURMERIC

The NCDEX Turmeric Apr futures is slipped by -0.37% in the last trading to close at 7536 level till Thursday closing at India's National Commodity & Derivatives Exchange (NCDEX).  

No strong movement was noted for Turmeric, which however found support at these lower levels after the recent dips. Arrivals of new crop in some areas in TN amidst prospects of rising arrivals from other regions in coming weeks—prevented strong uptrend. Traders waited for new crop arrivals before initiating fresh demand. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production is expected to fall to 1-3 lakh bags from the normal 15-20 lakh bags seen on an average. This lower production will be to some extent compensated by a higher production expectation from AP and Maharashtra. Absence of sufficient dams is adversely affecting the crop in TN due to 2 unfavorable monsoons. Total demand is expected at 105 lakh bags approx till Feb next year—as per traders.  
                                                  
TURMERIC (APR) TECHNICAL VIEW: 

TREND: BEARISH 
RESISTANCE 2: 7700 
RESISTANCE 1: 7620 
SUPPORT 1: 7480 
SUPPORT 2: 7420 
STRATEGY:  SELL ON RISE 

SOYABEAN  

The NCDEX Soyabean Feb futures surged up by 0.12% in the last trading to close at 3347 level till Thursday closing.  

India’s harvest season, subdued export demand for soymeal and estimations of sufficient amount of inventory lying with stockists had been capping the upside just few months, back, but as parity in exporting Indian soymeal has re-established and harvest season nears completion, any sharp fall is ruled out.  USDA’s recent supply-demand report was slightly bearish but that was already factored in by global trade participants therefore soybean and US soy complex traded with bullish mood yesterday. Technically NCDEX Feb soybean will tend to remain firm as long as finds support above 3210-3220 levels. As stated in the latest USDA report, U.S. oilseed production for 2017/18 is estimated at 131.3 million tons, down 0.9 million from last month.  

SOYABEAN (FEB) TECHNICAL VIEW: 

TREND: BULLISH 
RESISTANCE 2: 3400 
RESISTANCE 1: 3370 
SUPPORT 1 : 3330 
SUPPORT 2:  3320 
STRATEGY:  BUY ON DIPS 

GUARSEED

The NCDEX Guarseed Feb futures is slipped by -2.12% in the last trading to close at 4243 level till Thursday closing.  

Upside was limited for Guar even as rising Crude oil prices amidst launch of OPTIONS supported the market sentiments. Traders anticipate exports to rise in coming weeks. Moving forward, guar is likely to touch at least 5000, while guar gum might see levels of 10000 or even above. Upward trend is expected in medium term also because of rising concerns on production front from recent crop losses, due to excess rains in Rajasthan, just few months back. Lowering inventories will be another bullish factor. The new crop arrivals shall drop further thereby offering further support. Increased exports of guar gum during last year have been encouraging due to increasing rig count in the US                

GUARSEED (FEB) TECHNICAL VIEW:  

TREND: BEARISH 
RESISTANCE 2: 4400  
RESISTANCE 1: 4320 
SUPPORT 1: 4200 
SUPPORT 2 : 4150 
STRATEGY:  SELL ON RISE 

JEERA 

The NCDEX Jeera Feb futures slipped by -0.57% in the last trading to close at 16580 level on Thursday.   

Prices found some immediate support for Jeera after the recent dips even as traders expect the trading activities to rise in the coming days ahead. However, apprehensions of quality issues in warehouses as per market reports prevented strong recovery. Any adverse weather conditions in Gujarat/Rajasthan may cause prices to recover from these levels. Rains are beneficial for crop growth. A cooler weather would also be beneficial for it. Even as sowing is expected to be higher with shifting of other crop towards Jeera due to the high prevailing rates, a delayed sowing in Gujarat (due to warmer climate) may have some adverse impact on the crop productivity and its arrivals. Exports from China have reportedly been on the rise. Demand from Gulf countries too has shifted to India as geo-political tensions in Turkey and Syria adversely affected the production and the exports from there. India became major beneficiary.  

JEERA (FEB) TECHNICAL VIEW:   

TREND: BEARISH 
RESISTANCE 2: 16850 
RESISTANCE 1: 16700 
SUPPORT 1:  16500 
SUPPORT 2: 16450 
STRATEGY: SELL ON RISE 



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Capitalstars Updates: FREE AGRI COMMODITY MARKET NEWS & LEVELS : 18 JAN 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,


TURMERIC

The NCDEX Turmeric Apr futures is surged up by 0.61% in the last trading to close at 7576 level till Wednesday closing at India's National Commodity & Derivatives Exchange (NCDEX).  

No strong movement was noted for Turmeric, which however found support at these lower levels after the recent dips. Arrivals of new crop in some areas in TN amidst prospects of rising arrivals from other regions in coming weeks—prevented strong uptrend. Traders waited for new crop arrivals before initiating fresh demand. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production is expected to fall to 1-3 lakh bags from the normal 15-20 lakh bags seen on an average. This lower production will be to some extent compensated by a higher production expectation from AP and Maharashtra. Absence of sufficient dams is adversely affecting the crop in TN due to 2 unfavorable monsoons. Total demand is expected at 105 lakh bags approx till Feb next year—as per traders. 

TURMERIC (APR) TECHNICAL VIEW: 

TREND: BEARISH 
RESISTANCE 2: 7680 
RESISTANCE 1: 7630 
SUPPORT 1: 7500 
SUPPORT 2: 7420 
STRATEGY:  SELL ON RISE 

SOYABEAN 

The NCDEX Soyabean Feb futures surged up by 1.12% in the last trading to close at 3351 level till Wednesday closing.  

India’s harvest season, subdued export demand for soymeal and estimations of sufficient amount of inventory lying with stockists had been capping the upside just few months, back, but as parity in exporting Indian soymeal has re-established and harvest season nears completion, any sharp fall is ruled out.  USDA’s recent supply-demand report was slightly bearish but that was already factored in by global trade participants therefore soybean and US soy complex traded with bullish mood yesterday. Technically NCDEX Feb soybean will tend to remain firm as long as finds support above 3210-3220 levels. As stated in the latest USDA report, U.S. oilseed production for 2017/18 is estimated at 131.3 million tons, down 0.9 million from last month.  

SOYABEAN (FEB) TECHNICAL VIEW: 

TREND: BULLISH 
RESISTANCE 2: 3400 
RESISTANCE 1: 3370 
SUPPORT 1 : 3310 
SUPPORT 2:  3270 
STRATEGY:  BUY ON DIPS 

GUARSEED

The NCDEX Guarseed Feb futures is surged up by 0.46% in the last trading to close at 4338 level till Wednesday closing.  

Upside was limited for Guar even as rising Crude oil prices amidst launch of OPTIONS supported the market sentiments. Traders anticipate exports to rise in coming weeks. Moving forward, guar is likely to touch at least 5000, while guar gum might see levels of 10000 or even above. Upward trend is expected in medium term also because of rising concerns on production front from recent crop losses, due to excess rains in Rajasthan, just few months back. Lowering inventories will be another bullish factor. The new crop arrivals shall drop further thereby offering further support. Increased exports of guar gum during last year have been encouraging due to increasing rig count in the US               
                                              
GUARSEED (FEB) TECHNICAL VIEW:  

TREND: BEARISH 
RESISTANCE 2: 4400  
RESISTANCE 1: 4370 
SUPPORT 1: 4300 
SUPPORT 2 : 4250 
STRATEGY:  SELL ON RISE 

JEERA 

The NCDEX Jeera Feb futures slipped by -0.36% in the last trading to close at 16665 level on Wednesday.   

Prices found some immediate support for Jeera after the recent dips even as traders expect the trading activities to rise in the coming days ahead. However, apprehensions of quality issues in warehouses as per market reports prevented strong recovery. Any adverse weather conditions in Gujarat/Rajasthan may cause prices to recover from these levels. Rains are beneficial for crop growth. A cooler weather would also be beneficial for it. Even as sowing is expected to be higher with shifting of other crop towards Jeera due to the high prevailing rates, a delayed sowing in Gujarat (due to warmer climate) may have some adverse impact on the crop productivity and its arrivals. Exports from China have reportedly been on the rise. Demand from Gulf countries too has shifted to India as geo-political tensions in Turkey and Syria adversely affected the production and the exports from there. India became major beneficiary.  

JEERA (FEB) TECHNICAL VIEW:   

TREND: BEARISH 
RESISTANCE 2: 17000 
RESISTANCE 1: 16800 
SUPPORT 1:  16580 
SUPPORT 2: 16500 
STRATEGY: SELL ON RISE 




Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647




Wednesday, 17 January 2018

Capitalstars Updates: FREE AGRI COMMODITY MARKET NEWS & LEVELS - 17 JAN 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,


TURMERIC 

The NCDEX Turmeric Apr futures is slipped by -0.50% in the last trading to close at 7532 level till Tuesday closing at India's National Commodity & Derivatives Exchange (NCDEX).  

No strong movement was noted for Turmeric, which however found support at these lower levels after the recent dips. Arrivals of new crop in some areas in TN amidst prospects of rising arrivals from other regions in coming weeks—prevented strong uptrend. Traders waited for new crop arrivals before initiating fresh demand. Markets talks suggest that a significant drop in sowing in regions across Erode due to a drought like situation last year. As per trader estimates, production is expected to fall to 1-3 lakh bags from the normal 15-20 lakh bags seen on an average. This lower production will be to some extent compensated by a higher production expectation from AP and Maharashtra. Absence of sufficient dams is adversely affecting the crop in TN due to 2 unfavorable monsoons. Total demand is expected at 105 lakh bags approx till Feb next year—as per traders.  
                                                                                                          TURMERIC (APR) TECHNICAL VIEW: 

TREND: BEARISH 
RESISTANCE 2: 7600 
RESISTANCE 1: 7560 
SUPPORT 1: 7500 
SUPPORT 2: 7470 
STRATEGY:  SELL ON RISE 

SOYABEAN 

The NCDEX Soyabean Feb futures surged up by 0.03% in the last trading to close at 3314 level till Tuesday closing.  

India’s harvest season, subdued export demand for soymeal and estimations of sufficient amount of inventory lying with stockists had been capping the upside just a few months, back, but as parity in exporting Indian soymeal has re-established and harvest season nears completion, any sharp fall is ruled out.  USDA’s recent supply-demand report was slightly bearish but that was already factored in by global trade participants, therefore, soybean and US soy complex traded with bullish mood yesterday. Technically NCDEX Feb soybean will tend to remain firm as long as finds support above 3210-3220 levels. As stated in the latest USDA report, U.S. oilseed production for 2017/18 is estimated at 131.3 million tons, down 0.9 million from last month.  

SOYABEAN (FEB) TECHNICAL VIEW: 

TREND: BULLISH 
RESISTANCE 2: 3350 
RESISTANCE 1: 3330 
SUPPORT 1 : 3300 
SUPPORT 2:  3280 
STRATEGY:  BUY ON DIPS 

GUARSEED 

The NCDEX Guarseed Feb futures is slipped by -1.51% in the last trading to close at 4311 level till Tuesday closing.  

Upside was limited to Guar even as rising Crude oil prices amidst launch of OPTIONS supported the market sentiments. Traders anticipate exports to a rise in coming weeks. Moving forward, guar is likely to touch at least 5000, while guar gum might see levels of 10000 or even above. Upward trend is expected in medium term also because of rising concerns on production front from recent crop losses, due to excess rains in Rajasthan, just a few months back. Lowering inventories will be another bullish factor. The new crop arrivals shall drop further thereby offering further support. 
Increased exports of guar gum during last year have been encouraging due to increasing rig count in the US               

GUARSEED (FEB) TECHNICAL VIEW: 

TREND: BEARISH 
RESISTANCE 2: 4420  
RESISTANCE 1: 4370 
SUPPORT 1: 4280 
SUPPORT 2 : 4250 
STRATEGY:  SELL ON RISE 
  
JEERA 

The NCDEX Jeera Feb futures slipped by -1.45% in the last trading to close at 16680 level on Tuesday.  

Prices found some immediate support for Jeera after the recent dips even as traders expect the trading activities to rise in the coming days ahead. However, apprehensions of quality issues in warehouses as per market reports prevented strong recovery. Any adverse weather conditions in Gujarat/Rajasthan may cause prices to recover from these levels. Rains are beneficial for crop growth. A cooler weather would also be beneficial for it. Even as sowing is expected to be higher with the shifting of other crops towards Jeera due to the high prevailing rates, a delayed sowing in Gujarat (due to a warmer climate) may have some adverse impact on the crop productivity and its arrivals. Exports from China have reportedly been on the rise. 
Demand from Gulf countries to has shifted to India as geopolitical tensions in Turkey and Syria adversely affected the production and the exports from there. India became the major beneficiary.  

JEERA (FEB) TECHNICAL VIEW:
  
TREND: BEARISH 
RESISTANCE 2: 17100 
RESISTANCE 1: 16900 
SUPPORT 1:  16550 
SUPPORT 2: 16450 
STRATEGY: SELL ON RISE 



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647


Tuesday, 16 January 2018

Capitalstars Updates: FREE AGRI COMMODITY MARKET NEWS & LEVELS - 16 JAN 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,


TURMERIC

The NCDEX Turmeric Apr futures is slipped by -0.89% in the last trading to close at 7570 level till Monday closing at India's National Commodity & Derivatives Exchange (NCDEX).

Turmeric kept trading weak owing to lack of strong export demand in the mandis as prices faced strong Resistance near the 8000 mark. Reports of lower sowing prospects can support turmeric prices in coming sessions. Reports from Erode indicate a drastic fall in sowing in those regions due to a drought like situation this year. As per trader estimates, the production this year is expected to fall to 1-3 lakh bags from the normal 15-20 lakh bags seen on an average.This lower production will be to some extent compensated by a higher production expectation from AP and Maharashtra.

TURMERIC (APR) TECHNICAL VIEW:

TREND: SIDEWAYS
RESISTANCE 2: 7730
RESISTANCE 1: 7650
SUPPORT 1: 7500
SUPPORT 2: 7440
STRATEGY: SELL ON RISE

SOYABEAN

The NCDEX Soyabean Jan futures surged up by 2.71% in the last trading to close at 3300 level till Monday closing.

Soybean ended the session with moderate gains. With the recent hike in import duty, any fall will be short lived now. Currently prices are low enough to encourage buying from the solvent plants. The arrivals pace shall be dropping in coming weeks in the US and India. Therefore with prices still perceived cheaper, buyers will be showing interest in stocking soybean from physical markets at every moderate price fall. NCDEX February soybean in this week might trade between 3120- 3220 levels. Tone remains positive in soybean due to the recent hike in import duty of edible oils and soybean. As stated in the latest USDA report, inventories or end stocks of US soybean might total 445 million bushels at the 
end of the marketing year, above last month’s forecast for 425 million bushels. The USDA also lowered its outlook for soybean exports by 25 million bushels due to weak demand so far this year. 

SOYABEAN (JAN) TECHNICAL VIEW:

TREND: BULLISH
RESISTANCE 2: 3350
RESISTANCE 1: 3320
SUPPORT 1 : 3260
SUPPORT 2: 3220
STRATEGY: BUY ON DIPS

GUARSEED

The NCDEX Guarseed Jan futures is surged up by 0.56% in the last trading to close at 4325 level till Monday closing.
Guar prices found some immediate support at these lower levels as traders anticipate the exports to pick up from next week onwards. Trading activities remained low in mandis. In near tem, strong spot/ export demand and improving bullish outlook in Crude oil will be the key bullish drivers. Upward trend is expected in medium term also because of rising export demand and concerns on production front from recent crop losses, due to excess rains in Rajasthan, just few months back. Lowering inventories will be another bullish factor. The new crop arrivals shall drop further thereby offering further support.

GUARSEED (JAN) TECHNICAL VIEW:

TREND: BULLISH
RESISTANCE 2: 4390
RESISTANCE 1: 4360
SUPPORT 1: 4310
SUPPORT 2 : 4290
STRATEGY: BUY ON DIPS

JEERA

The NCDEX Jeera Jan futures surged up by 0.40% in the last trading to close at 21540 level on Monday.

Slight weak sentiments prevailed for Jeera as closure of many International mandis kept trading activities on the lower side. Traders anticipate however the export demand to start rising from next week onwards. In coming sessions any adverse weather conditions in Gujarat/ Rajasthan may cause prices to recover from these levels. Rains are beneficial for the crop growth. A cooler weather would also be beneficial for the crop. 

Even as sowing is expected to be on the higher side with shifting of other crop towards Jeera due to the high prevailing rates, a delayed sowing in Gujarat (due to warmer climate) may have some adverse impact on the crop productivity and its arrivals.

JEERA (JAN) TECHNICAL VIEW:

TREND: SIDEWAYS
RESISTANCE 2: 21900
RESISTANCE 1: 21700
SUPPORT 1: 21350
SUPPORT 2: 21150
STRATEGY: BUY ON DIPS



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Sunday, 14 January 2018

FREE AGRI COMMODITY MARKET NEWS & LEVELS - 15 JAN 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, Jeera Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean,

The NCDEX Turmeric Apr futures is surged up by 0.63% in the last trading to close at 7620 level till Friday closing at India's National Commodity & Derivatives Exchange (NCDEX). Turmeric kept trading weak owing to lack of strong export demand in the mandis as prices faced strong Resistance near the 8000 mark. Reports of lower sowing prospects can support turmeric prices in coming sessions. Reports from Erode indicate a drastic fall in sowing in those regions due to a drought like situation this year. As per trader estimates, the production this year is expected to fall to 1-3 lakh bags from the normal 15-20 lakh bags seen on an average. This lower production will be to some extent compensated by a higher production expectation from AP and Maharashtra.
TURMERIC (APR) TECHNICAL VIEW:
TREND: SIDEWAYS
RESISTANCE 2: 7770
RESISTANCE 1: 7700
SUPPORT 1: 7570
SUPPORT 2: 7520
STRATEGY: SELL ON RISE

The NCDEX Soyabean Jan futures slipped by -0.59% in the last trading to close at 3213 level till Friday closing. Soybean ended the session with moderate gains. With the recent hike in import duty, any fall will be short lived now. Currently prices are low enough to encourage buying from the solvent plants. The arrivals pace shall be dropping in coming weeks in the US and India. Therefore with prices still perceived cheaper, buyers will be showing interest in stocking soybean from physical markets at every moderate price fall. NCDEX February soybean in this week might trade between 3120- 3220 levels. Tone remains positive in soybean due to the recent hike in import duty of edible oils and soybean. As stated in the latest USDA report, inventories or end stocks of US soybean might total 445 million bushels at the end of the marketing year, above last month’s forecast for 425 million bushels. The USDA also lowered its outlook for soybean exports by 25 million bushels due to weak demand so far this year.
SOYABEAN (JAN) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 3240
RESISTANCE 1: 3225
SUPPORT 1 : 3200
SUPPORT 2: 3190
STRATEGY: BUY ON DIPS

The NCDEX Guarseed Jan futures is surged up by 0.16% in the last trading to close at 4300 level till Friday closing. Guar prices found some immediate support at these lower levels as traders anticipate the exports to pick up from next week onwards. Trading activities remained low in mandis. In near tem, strong spot/ export demand and improving bullish outlook in Crude oil will be the key bullish drivers. Upward trend is expected in medium term also because of rising export demand and concerns on production front from recent crop losses, due to excess rains in Rajasthan, just few months back. Lowering inventories will be another bullish factor. The new crop arrivals shall drop further thereby offering further support.
GUARSEED (JAN) TECHNICAL VIEW:
TREND: BULLISH
RESISTANCE 2: 4370
RESISTANCE 1: 4330
SUPPORT 1: 4270
SUPPORT 2 : 4240
STRATEGY: BUY ON DIPS

The NCDEX Jeera Jan futures surged up by 2.00% in the last trading to close at 21455 level on Friday. Slight weak sentiments prevailed for Jeera as closure of many International mandis kept trading activities on the lower side. Traders anticipate however the export demand to start rising from next week onwards. In coming sessions any adverse weather conditions in Gujarat/ Rajasthan may cause prices to recover from these levels. Rains are beneficial for the crop growth. A cooler weather would also be beneficial for the crop. Even as sowing is expected to be on the higher side with shifting of other crop towards Jeera due to the high prevailing rates, a delayed sowing in Gujarat (due to warmer climate) may have some adverse impact on the crop productivity and its arrivals.
JEERA (JAN) TECHNICAL VIEW:
TREND: SIDEWAYS
RESISTANCE 2: 21700
RESISTANCE 1: 21580
SUPPORT 1: 21200
SUPPORT 2: 20950
STRATEGY: SELL ON RISE


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS & UPDATES - 15 JAN 2018

.Agri commodity calls, Agri Commodity Tips, Free  Commodity Tips, Free Agri Tips, MCX Tips Services, mentha oil tips, ncdex ref.soyaoil, Soyabean, Jeera Tips,

Menthaoil
Menthaoil on MCX settled down -0.76% at 1657.4 on profit booking amid easing demand in the spot market. Besides, ample stocks on higher supplies from major producing belts of Chandausi in Uttar Pradesh too influenced mentha oil prices. As per the sources domestic demand has slightly improved from the major domestic consuming industries.
Stock positions of mentha in MCX accredited warehouses were around 6102 drums which is 96 drums less in comparison to previous day, while in process were 24 drums which is same against the previous day. According to the sources, there has been decline in demand of mentha from local consuming industries as well as stockiest which is creating pressure to the mentha prices.
Also in recent days arrivals has increased which is limiting the upside movement of the prices. As per sources, India contributes around 80% to the total global mentha oil production. Total global production stood at around 48,000 tonnes, out of which India produces between 30,000-40,000 tonnes. According to estimates, mentha oil production in India for crop year 2016-17 will be around 38,000 tonnes. As per the data, the global demand of essential oil will increase in the coming years.
Technically market is under long liquidation as market has witnessed drop in open interest by -1.89% to settled at 1665 while prices down -12.7 rupees, now Menthaoil is getting support at 1633.6 and below same could see a test of 1609.8 level, And resistance is now likely to be seen at 1675.6, a move above could see prices testing 1693.8.
Soyabean   
Soyabean on NCDEX settled down -0.89% at 3238 on profit booking tracking weakness in spot demand after prices seen support amid supplies have been diminishing slowly in the physical market. Prices also seen under pressure from expectations that the US Department of Agriculture will later report bigger US stockpiles, pushing the oilseed to its biggest weekly fall in a month.
However, some losses were capped on the reports that the inventories are lower compared to last year and supplies have been diminishing slowly in the physical market. Brazilian soybean production in the 2017/18 crop cycle is expected to reach 114 million tonnes, consultancy AgRural said, citing an increase in planted area.
In a December forecast, AgRural had said production would reach 112.9 million tonnes. Last season, Brazil produced a record high 114.1 million tonnes. Chinese imports of soybeans jumped to the second-highest volume on record in December, according to data, boosted by strong demand in the run-up to next month's Lunar New Year holiday.
December imports by the world's top soy buyer came in at 9.55 million tonnes, up 10 percent from the month before and up 6 percent from December, 2016, according to calculations based on annual data released by the General Administration of Customs.
Ref soyoil
Ref soyoil ended with losses due to higher stocks in the country and sufficient stocks in the pipeline amid improved domestic crushing and higher imports. India's vegoil imports in December fell 10 percent to 1.1 million tonnes from a year ago, a trade body said. The country's imports of palm oil in December stood at 722,857 tonnes, while soyoil imports were 79,250 tonnes, the Solvent Extractors' Association of India said in a statement.
Moreover, government has slashed the base import price of all edible oils. For soy soil the base import prices were cut by $19 per ton to $813 for the first fortnight of Jan 2018. The government revises base import prices every fortnight based on global prices and changes in foreign exchange rate. Prices were last revised on Dec 30.
According to data released by the Solvent Extractors' Association (SEA), India vegetable oil imports rose around 6% on year to 12.5 lakh tonnes in November. Soyoil imports surged by 66.7% in November to 2.74 lt compared to 1.64 lt last year. India's oilmeal exports dropped by 22% compared to same period a year ago on higher prices amid lower number of export dates, provisional data released by Solvent Extractors Association of India (SEA) showed. India's total oilmeal exports during December provisionally reported at 236,000 tons compared to 301,556 tons in the same period a year ago.
Technically market is under long liquidation as market has witnessed drop in open interest by -3.26% to settled at 34130 while prices down -0.65 rupees, now Ref.Soya oil is getting support at 738 and below same could see a test of 736 level, And resistance is now likely to be seen at 742, a move above could see prices testing 744.          
Turmeric         
Turmeric on NCDEX settled up 0.87% at 7638 tracking firmness in spot demand owing to lower stocks in the market. The supplies from the new season turmeric have been lower during first 10 days of Jan at 4,118 tonnes compared to 5,527 tonnes last year, as per data. The export of turmeric is down by 17% to 63,395 tonnes for the first 7 month of FY 2017/18 compared to last years’ exports.
New crop would commence by the end of month and expectations of selling by the AP Markfed. AP Markfed had purchased nearly 48,500 ton turmeric under market intervention scheme. Standing turmeric crop is mostly in its vegetative to development stage across major growing states. As per preliminary estimates, output in the season is expected to decline slightly due to lower sowing.
Arrivals of new crop generally start in December and picks up in January-February. Spot turmeric prices decreased at Erode markets due to slack demand from upcountry buyers. Around 5,000 bags arrived for sale and the buyers purchased all the 600 bags of good quality turmeric and purchased 2,500 and odd bags of medium quality.
The best quality finger variety went for Rs8,400 a quintal in all the markets and the root variety at Rs7,800. At the Erode Turmeric Merchants Association, the finger turmeric fetched Rs5,555-8,539 a quintal; root variety Rs5,209-7,803. Of the arrival of 3,574 bags, 1,339 were traded.
Technically market is under fresh buying as market has witnessed gain in open interest by 1.86% to settled at 10120 while prices up 66 rupees, now Turmeric is getting support at 7585 and below same could see a test of 7531 level, And resistance is now likely to be seen at 7707, a move above could see prices testing 7775.      
 Jeera  
Jeera prices traded in range amid reports of scattered new crop supplies in the markets of Gujarat and weak demand. Few bags of new crop jeera have been started arriving in Unjha market of Gujarat. Pressure also seen on prices amid lower demand in local mandis in anticipation oversupply woes following increased acreages.
Jeera sowing in Gujarat jumped to 382,600 hectare from 286,030 hectare a year ago. Sowing in Rajasthan, the other jeera sowing state, also spurted to 70,765 hectare until Jan 1 from 38,000 hectare a year ago. There is an expectation that jeera production may be higher in coming season on reports of higher acreage of cumin in the current season. In Gujarat, Jeera acreage is up by 38% to 3.83 lakh hectares as on 9-Jan-18. Last year, it was 2.88 lakh ha at that same time.
Jeera arrivals during first 10 days of Jan 18 Dec were down to 879.5 tonnes on year compared to 3,944 tonnes due to tight supplies and lower stocks with the stockists. Moreover, good progress of jeera sowing in Gujarat pressurizes prices.
As per government data, Jeera exports during first seven month of FY 2017/18 (Apr-Sep) is 88,229 tonnes, up 11% compared to last year exports volume for the same period. India's jeera exports in October increase by 37% on year to 10,402 tn.
Technically market is under fresh selling as market has witnessed gain in open interest by 2.13% to settled at 8496 while prices down -25 rupees, now Jeera is getting support at 16818 and below same could see a test of 16747 level, And resistance is now likely to be seen at 16953, a move above could see prices testing 17017.


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